Grab Holdings Limited $GRAB Position Reduced by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly reduced its stake in Grab Holdings Limited by 82.7% in Q1, now owning approximately 0.06% of the company worth about $10 million.
• Several institutional investors, including Cetera Investment Advisers and Millennium Management LLC, have increased their stakes in Grab, with Millennium growing its position by 195.1%.
• Grab reported revenue of $819 million for the last quarter, slightly exceeding analysts' estimates, while the company set its FY 2025 earnings per share guidance.

Acadian Asset Management LLC reduced its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 82.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,220,059 shares of the company's stock after selling 10,585,181 shares during the quarter. Acadian Asset Management LLC owned about 0.06% of Grab worth $10,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Amundi increased its holdings in Grab by 102.3% in the 1st quarter. Amundi now owns 3,349,450 shares of the company's stock valued at $14,269,000 after purchasing an additional 1,693,598 shares in the last quarter. SCS Capital Management LLC acquired a new stake in Grab in the 1st quarter valued at $1,197,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Grab by 18.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,261,794 shares of the company's stock valued at $78,196,000 after purchasing an additional 2,679,277 shares in the last quarter. Royal Bank of Canada increased its holdings in Grab by 34.8% in the 1st quarter. Royal Bank of Canada now owns 7,206,698 shares of the company's stock valued at $32,646,000 after purchasing an additional 1,862,433 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Grab in the 1st quarter valued at $165,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Up 2.3%

Shares of Grab stock traded up $0.14 during trading hours on Monday, hitting $6.14. 109,411,129 shares of the company's stock traded hands, compared to its average volume of 34,060,812. The stock has a 50 day simple moving average of $5.13 and a 200-day simple moving average of $4.81. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The company has a market cap of $24.73 billion, a PE ratio of 153.54 and a beta of 0.84. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.16.

Grab (NASDAQ:GRAB - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. Grab has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Grab Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.